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On Tuesday, New York and Toronto indices took a break from their recent rally by giving back some gains. The Dow shed 1.09%, the S&P was down 0.78% and the TSX sold off 0.66%. Reversing the trend, cyclicals and value stocks cooled off with the Russell 2000 closing -1.94%.<\/p>\n
The biggest laggard was energy, which tumbled 3.59% in the States and lost 3.11% here. In surprising news, ChesapeakeEnergy<\/a>, once worth US$37.5 billion, plummeted nearly 66% after announcing it may seek bankruptcy<\/a> protection. Better news was found in tech, with Apple<\/a> (up 3.16%) and Amazon<\/a> (3.04%) making record closes. But Tuesday’s biggest winner was the entire Nasdaq which made a record close after touching 10,000 during the session. The tech index climbed 0.29%.<\/p>\n Though some Canadian energy stocks like Husky (down 7.54%) fell on Tuesday, a barrel of WCS actually rose 3%. Gold stocks rallied with New Gold<\/a> popping 10.49%. Concerns about office space weighed down on REITS like Dream Office<\/a>, which fell 4.46%. The overall real estate spaced lost 2.58% while the only sector closing in the green were materials, up 1.05%. Tuesday’s session was considered a pause and not a reversal of the rally, even though some investors worry that the markets are overbought.<\/p>\n 🛢 Chesapeake Energy Corp.<\/a> -66% This week, you missed Past Top Picks comments by Fabrice Taylor including Tree Island Steel (A Top Pick May 08\/18, Down 36%) Get Premium to receive all past top picks opinions a few hours before market open. On Tuesday, New […]<\/p>\n","protected":false},"author":12,"featured_media":170380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-173748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/173748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=173748"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/173748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/170380"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=173748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=173748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=173748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🍎 Apple<\/a> +3.16%
\n📦 Amazon.com<\/a> +3.04%
\n🛢 Husky Energy<\/a> -7.54%
\n🏡 Dream Office REIT<\/a> -4.46%<\/p>\n","protected":false},"excerpt":{"rendered":"